Oil

President Donald Trump has put a stop to the flow of Venezuelan oil and financial aid to Cuba, urging Havana to negotiate a deal with Washington. Trump’s move comes amidst escalating tensions between the U.S. and Cuba, a long-standing adversary. Venezuela, which is Cuba’s primary oil...

The arrest of the Venezuelan President Nicolas Maduro brought the seemingly forgotten oil sector into the spotlight. Yet, West Texas Oil (WTI) failed to reverse meaningfully, erasing Monday’s 2% gain and closing at $57 per barrel on Tuesday. “It is premature to evaluate the impact of...

Goldman Sachs says the global oil market is facing a subtle but meaningful reset after Venezuela's political upheaval — with near-term price effects still uncertain, but longer-term risks increasingly skewed to the downside as higher supply becomes possible. In a note shared this week, analysts led...

Major U.S. stock indexes closed higher Monday, with the Dow Jones Industrial Average climbing 1.2% to 48,977.18. The S&P 500 added 0.6% to 6,902.05, while the Nasdaq advanced 0.69% to 23,395.82.Over the weekend, geopolitical tensions rose when the U.S. conducted a military strike in Venezuela,...

Venezuela just went from a forgotten oil pariah to a live market variable — and Big Oil investors are suddenly doing the math. A regime reset in one of the world's most resource-rich countries doesn't lift all majors equally, and for Chevron Corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM), the...

The evolving U.S.–Venezuela standoff is drawing renewed attention from energy markets, as investors weigh how shifts in sanctions, diplomacy and oil policy could ripple through American companies. Venezuela holds the world's largest proven crude reserves, yet years of political turmoil,...

The US raid on Venezuela could significantly impact the oil market. The price of crude oil, which directly influences American consumer prices at the pump, is expected to be a key focus in the aftermath of the raid. While the commodity doesn’t trade over the weekend, future price...

The US is set to make a significant investment in Venezuela’s energy sector, following a major political shift in the South American nation. What Happened: On Saturday, President Donald Trump announced that US oil companies are preparing to invest billions in Venezuela’s oil...

Oil is closing 2025 as one of the negative-performing assets. Despite starting the year with a rally, oil's movement soon became typical bear-market dynamics. Consistent price decline interrupted by volatile, sharp double-digit rallies. Still, even in that environment, oil majors saw significant...

When Donald Trump took the presidential oath of office in January 2025, he made his energy agenda unmistakably clear, vowing to unleash American oil production under the rallying cry, "Drill, baby, drill." • State Street Energy Select Sector SPDR ETF stock is building positive momentum. What...

Wall Street lacked clear direction on Tuesday, as mixed labor market data failed to ignite a fresh wave of risk-on sentiment. Nonfarm payrolls rose by 64,000 in November, topping expectations of 50,000. However, the unemployment rate climbed to 4.6%, the highest level since September 2021. •...

Exxon Mobil Corp's (NYSE:XOM) updated 2030 Plan reads like a subtle but unmistakable pivot: less capital headed toward low-carbon experiments, more firepower behind the assets that print money today. Track XOM stock here. The company now expects $25 billion in earnings growth and $35 billion in...

Speaking at the America Business Forum in Miami on Wednesday, President Donald Trump claimed victory on a key economic promise: gasoline prices are now hovering near $2 per gallon, a level he vowed to restore during his 2024 campaign. Trump boasts that gasoline prices have “plummeted to the...

Energy services major Baker Hughes Co. (NASDAQ:BKR) secured a multi-year contract from oil giant Aramco to expand operations across Saudi Arabia’s extensive natural gas fields. The agreement, which centers on integrated underbalanced coiled tubing drilling (UBCTD), marks a crucial step toward...

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American oil stocks sharply higher. West Texas Intermediate (WTI) crude futures jumped over 5% to trade...